2024-04-15
http://w3.windfair.net/wind-energy/news/44158-akzonobel-bond-issues-launch-maturity-portfolio

News Release from Akzo Nobel Hilden GmbH

List_akzonobel_logo_rgb_blue

Wind Industry Profile of


AkzoNobel successfully issues €500 million bond

AkzoNobel has announced the launch of a €500 million bond with ten-year maturity and coupon of 4.0%.

Image: AkzoNobelImage: AkzoNobel

The bond issue extends the duration of the company’s overall bond portfolio. The bond will be issued by Akzo Nobel N.V. and will be listed on the Luxembourg Stock Exchange. Settlement is scheduled for May 24, 2023, with the bond maturing on May 24, 2033.

At March 31, 2023, net cash and cash equivalents were €1.2 billion and financial leverage was 4.2 times net debt/EBITDA. The company has a €1.3 billion unutilized revolving credit facility with a maturity of 2027. The next bond maturity is €500 million in the second half of 2024.

The company aims to lower its leverage ratio to less than 3.4 times net debt/EBITDA, including the impact of the Kansai Paint Africa acquisition, by the end of 2023 and return to around 2 times post-2023. 

Source:
AkzoNobel
Author:
Press Office
Link:
www.akzonobel.com/...
Keywords:
AkzoNobel, bond, issues, launch, maturity, portfolio



Alle Meldungen Von Akzo Nobel Hilden GmbH

List_akzonobel_logo_rgb_blue

news in archive


Thematically suitable Windfair.net members in the business directory

  • Newlist_akzonobel_logo_rgb_blue
  • Newlist_cga_logo
  • Newlist_bmu_logo
  • Newlist_afrika_verein
  • Newlist_doerken_coatings
  • Newlist_logo.fluid-bag
  • Newlist_xervon_engl_logo
  • Newlist_plarad_logo_blau_ptw.jpeg
  • Newlist_schunk
  • Newlist_ge_vernova_standard_rgb_evergreen
  • Newlist_logo.steute-schaltechnik
  • Newlist_logo.tuev-sued-offshore
  • Newlist_logo_lambrecht_2022_rgb
  • Newlist_wpd-logo
  • Newlist_klauke-logo
  • Newlist_hailo_wind_systems_logo_alternativ_grau
  • Newlist_hoffmeier_logo_links_172_1820x_
  • Newlist_logo.ammonit
  • Newlist_15.03.9_logo_gwu-umwelt_kurz__firma__gmbh_unterhalb_cmyk
  • Newlist_energiequelle_logo
  • Newlist_2019_softenergy_logo

more results



Keyword Search

© smart dolphin Gmbh 1999 - 2024 | Legal Notice | Windfair Editors | Privacy Policy | The Windfair Pocket Wind 2020